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Nasdaq Market Update 2024-01-29

360MiQ 0

Nasdaq 100 rose 1% (+175 pts), closed at 17596 points, hit a record high.

Among the 150 largest-cap stocks, 117 (78%) closed higher. 72% of all Nasdaq stocks ended higher, the most in more than 1 month, good for the market.

In terms of sectors, 11 sectors closed up, 1 sector closed down, ranging from -0.6% to 1.3%. 4 sectors outperformed the market. The market was up 1%; Healthcare, Real Estate were up 1.3%, the best performers; Energy was down -0.6%, the worst performer.

● MongoDB (MDB) largely rebounded 6.3% (+$24.96) after a 4-day losing streak, closed at $420.25, the best % gain in more than 2 months, also a 35-day high, crossed above MA50 ($402). The best performer but with average volume.
360miq.com/stockinfo?code=MDB

● Coinbase Global (COIN) spiked 6.1% (+$7.64), closed at $132.84, the best % gain in 1 month.
360miq.com/stockinfo?code=COIN

● Pinduoduo (PDD) tanked -8.2% (-$11.67), closed at $130.1, fell 3 days in a row, the worst % loss in more than 10 months, also a 41-day low, crossed below MA50 ($140.25). The worst performer with the largest increase in volume.
360miq.com/stockinfo?code=PDD

360miq.com/market?data=NASDAQ#tab-3

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